US EditionAn Obscure Trade Provision May Be Driving Factory Closures
Summary by Time Magazine
2 Articles
2 Articles
An Obscure Trade Provision May Be Driving Factory Closures
In his forty-plus years in the textile industry, Larry Severini has seen hundreds of factories close, as companies moved women’s wear and home furnishings and then other textile manufacturing overseas. But Severeni was able to maintain two factories that make the blue backgrounds and white stars for American flags—until January 31, 2025. On that day, he closed his factory in Gaffney, S.C., for good, getting rid of millions of dollars of machiner…
·United States
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Changes in consumer habits, demographic evolution and increased competition have been key factors in closing businesses, including large chains, a trend that is also reflected in the Puerto Rican market.
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Bias Distribution
- 50% of the sources lean Left, 50% of the sources lean Right
50% Right
L 50%
R 50%
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